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445 Wright Way

5,207 SF 100% Leased Retail Building Sparks, NV 89431 £1,245,447 (£239/SF)

Investment Highlights

  • The convenience store is centrally located around schools, office buildings, and two senior citizen apartment buildings.
  • Ideal offering for an owner/user with diversified incomes sources.
  • Residential units offered at a 6.3% CAP.

Executive Summary

Portfolio Sale (all on same parcel): Includes 1 triplex ((1) 2+1 and (2) 1+1), 1 single-family home, 1 commercial-retail building and 1 business (operated in the commercial building). Tri-plex and Single-family home combined are offered at a 6.3% CAP rate. Commercial building is priced based upon similar comps. For questions and/or pricing information about Nemo's Market (the business), contact the business owners. Call listing agent for owners contact information. Additional information about the real property can be seen as follows: Triplex/single family listing is in the NNRMLS under MLS # 240014209. Commercial building is in the NNRMLS under MLS # 240014208.
*** List Price is for all real property (Triplex, Single Family, and Commercial building) and does not include the price of the business (sold by owners and simultaneous with the real property). *** This offering is ideal for an owner/operator. If you want an investment that offers strong income and at the same time diversity for portfolio safety, this could be what you are looking for. Recurring, contractual and growing income can be realized from residential leases for the tri-plex and the single-family properties, while at the same time collecting retail sales income from the continued operation of a community convenience store, Nemo's Market in Sparks, NV. NOTE: Cap rate of 5.3% for commercial building does not include the cost of the business which is for sale by owner and negotiated separately by the owner. Gross Square Footage (5207sf) on this listing is the sum of the commercial building (1440sf) and the two rentals. Triplex is 1612sf & the single family is 2155sf (1147sf main floor + 1008sf in finished basement). Property taxes is for all real property on the single parcel. To see the Washoe County NV records for this offering, search for 431 Wright Way.

Property Facts

Sale Type
Investment
Sale Condition
Portfolio Sale
Property Type
Retail
Building Size
5,207 SF
Year Built
1957
Price
£1,245,447
Price Per SF
£239
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.58
Lot Size
0.21 AC
Zoning
MUD - Sparks, Mixed Use Development
Frontage
120 ft on Wright Way
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Rent-A-Center
WW
Dutch Bros
Denny's
FoodMaxx
Roberto's Taco Shop
Starbucks
Nevada State Bank
Sizzler
Dotty's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
033-187-01
Land Assessment
£23,114
Improvements Assessment
£49,082
Total Assessment
£72,196
  • Listing ID: 34172986

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 445 Wright Way, Sparks, NV 89431

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